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Spirit AeroSystems confident in closing Asco purchase

Spirit AeroSystems remains confident it will close a proposed acquisition of European aerospace company Asco despite concerns from European regulators.

"We… continue to work on closing the Asco acquisition," Spirit chief executive Tom Gentile says on 31 October. "We remain confident we will close the deal."

Gentile's comments come after the European Commission identified unspecified "issues" with the deal.

"These issues do not involve any divestiture, nor do we anticipate they will impact the economics of the deal," Gentile says.

Spirit in May announced it signed an agreement to buy Asco parent SRIF for $650 million.

Asco produces aircraft components related to landing gear, aircraft structures, fuselages and wings, like slat and flap equipment.

Wichita-based Spirit, which produces 737 fuselages, says Asco would give it more work related to Airbus A320s, A350s and the Lockheed Martin's F-35 fighter.

Spirit had expected the deal to close in the second half of 2018.

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